😱🚨The US started the fire, Russia entered the scene: A Cryptocurrency Law is coming.🇺🇸🇷🇺🚀
#Russia has accelerated the regulatory process for cryptocurrencies, finalizing a draft law that will allow individuals to invest in them.
This announcement was made by Anatoly Aksakov, Chairman of the State Duma's Financial Markets Committee.
📜 What does the new regulation bring?
🔹 Cryptocurrencies are removed from the "special financial regulation" category
🔹 Unqualified individuals will now have access to cryptocurrencies
🔹 Annual investment limit: 300,000 rubles (~$3,800)
🔹 No limit for professional purposes
🏛️ Implementation period
The bill will be discussed in the State Duma between January and July. The crypto market in Russia will enter a completely new era.
🌍 Cross-border crypto payments are liberalized
The law covers not only individual investment but also international crypto use and cross-border payments. Thus, Russia will be able to use crypto more actively in global trade. ⚔️Cryptocurrency Move Against Sanctions
Faced with Western sanctions following the war in Ukraine, Russia is positioning its cryptocurrencies as an alternative financial solution.
As Putin recently stated:
🗣️ “#Bitcoin is unstoppable.”
🚀 This move by Russia could be a critical turning point for global cryptocurrency adoption.